"I've learned that it's important to be humble. It's not possible
for one person to know everything."

Lipovetsky says it's important for managers to hire extremely
smart people and to be willing to listen to them. Letting your
ego get in the way of leveraging your team's talents will only
take away from you.

For instance, even though he considers sales to be a strength of
his, he values the expertise of his executive vice president of
sales, and tries to listen more than he talks at meetings.

Recognizing that the people you know are often the key to
success, Lipovetsky makes sure to surround himself with people he
can learn from.

"Know a lot of successful people, but don't network for the
purpose of doing a deal with them," says Lipovetsky. "Have a
large network of people that you’re constantly in contact with
and try to take something away from them."

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